183, Park Lane West
183, Park Lane West
Description & Estimates
183, Park Lane West, Tipton is recorded publicly as a mid-century leasehold apartment across 721 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 183, Park Lane West, Tipton is £72,600 and its rental estimate is £519 per month, given the available information and assuming reasonable condition.
Park Lane West, Tipton, DY4 falls within the DY4 postal district, in the borough of Sandwell.
Our Data Sources
183, Park Lane West, Tipton has 31 entries in the Land Registry , most recently in October 2019 and a single entry in the EPC database dated July 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 183, Park Lane West, Tipton, we estimate a market value of £76,230 and a rental value of £545 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £67,518 and £482 per month respectively.
Recent Market Change
Over the last year, 183, Park Lane West, Tipton has seen its estimated sale value drop by £375 (0.5%) and its estimated rental value rise by £7 per month (1.3%). This results in an estimated gross rental yield of 8.6%.
Energy Efficiency
183, Park Lane West, Tipton has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Jul 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 183, Park Lane West, Tipton completed on 11th October 2019 at £61,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 61.3% over the period since October 2019.
- Sold Oct 2019£61,000
- Sold Feb 2006£72,500
- Sold Jun 2001£28,995
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 183, Park Lane West, Tipton have sold within a radius of 510 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 8th September 2023, was 3, Coyne Close, Tipton, DY4 8DF, a leasehold flat which sold for £80,000.
Read more about house prices in DY4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 108 addresses on Park Lane West, Tipton, DY4, 183, Park Lane West, Tipton comes out as the 60th largest and the 97th most expensive in our analysis of the public data.
It is also £121k less expensive than the average property across the DY4 district.
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Schools Nearby
- 200mSilvertrees Academy
- 200mTipton Green Junior School
- 700mSt Pauls Church of England Academy
- 1.5kmQ3 Academy Tipton
- 2.0kmSt James Academy
- 2.3kmBishop Milner Catholic College
More reading links
Public Transport Nearby
From 183, Park Lane West, Tipton, the nearest station is Tipton, 500 metres away.
- 500mTipton
- 1.4kmDudley Port
- 2.3kmCoseley
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
